Day: November 1, 2023

Results in the fourth quarter reflect a customer-demand environment that was generally consistent with expectations Fourth-quarter and full-year earnings are below expectations driven primarily by additional inventory-control actions Initiation of portfolio-optimization actions to further strengthen resilience and improve profitability.WILMINGTON, Del., Nov. 01, 2023 (GLOBE NEWSWIRE) — Ashland Inc. (NYSE: ASH) today provided an update for preliminary fiscal 2023 fourth-quarter results, full-year sales and Adjusted EBITDA.1 Ashland’s financial results during the quarter reflect market-demand dynamics and underlying business performance that were generally consistent with previously communicated expectations. Earnings for the quarter were most directly impacted by additional inventory-reduction actions taken to better position...

LAFAYETTE, La., Nov. 01, 2023 (GLOBE NEWSWIRE) — Viemed Healthcare, Inc. (the “Company” or “Viemed”) (NASDAQ:VMD and TSX:VMD.TO), a national leader in respiratory care and technology-enabled home medical equipment services, announced today that it has reported its financial results for the three and nine months ended September 30, 2023. Operational highlights (all dollar amounts are USD):Net revenues for the quarter ended September 30, 2023 reached a new Company record of $49.4 million, representing an increase of $13.6 million, or 38%, over net revenues reported for the comparable quarter ended September 30, 2022. This represents 14% sequential growth in revenue over the quarter ended June 30, 2023.Net income for the quarter ended September 30, 2023 totaled $2.9 million, representing an increase of $1.9 million, or 177%, over...

WILLIAMSVILLE, N.Y., Nov. 01, 2023 (GLOBE NEWSWIRE) — National Fuel Gas Company (“National Fuel” or the “Company”) (NYSE:NFG) today announced consolidated results for the three months and fiscal year ended September 30, 2023. FISCAL 2023 FOURTH QUARTER SUMMARYGAAP net income of $73.7 million, or $0.80 per share, compared to GAAP net income of $158.1 million, or $1.71 per share, in the prior year. Adjusted operating results of $72.2 million, or $0.78 per share, compared to $109.3 million, or $1.19 per share, in the prior year (see non-GAAP reconciliation on page 2 for fourth quarter and fiscal 2023). Both E&P segment net production and Gathering segment revenue increased by 7% versus the prior year, driven by continued strong operational execution in Appalachia. Supply Corporation entered into a precedent agreement with Seneca...

Updates FY 2023 Outlook Details related to our financial guidance, including assumptions, are included in our prepared remarks document.     / Key Highlights – Q3 2023GAAP and non-GAAP revenue of $458.8 million GAAP diluted earnings per share of $0.64 and non-GAAP diluted earnings per share of $1.41 GAAP operating profit margin of 15.2% and non-GAAP operating profit margin of 34.1% Operating cash flows of $160.8 million and unlevered operating cash flows of $170.6 million Annual contract value (ACV) of $457.5 million Deferred revenue and backlog of $1,205.7 million on September 30, 2023 Incremental restrictions for export to China negatively impacted revenue and ACV by $20.0 million Reaffirm long-term outlook from 2022 to 2025 of 12% constant currency ACV growth, including tuck-in M&A, and $3 billion of cumulative unlevered...

Maintains Midpoint of Full Year RevPAR Growth Guidance Repurchases $100 Million of Common Shares in QuarterAnnounces Hyatt Transformational Capital Program BETHESDA, Md., Nov. 01, 2023 (GLOBE NEWSWIRE) — Host Hotels & Resorts, Inc. (NASDAQ: HST) (the “Company”), the nation’s largest lodging real estate investment trust (“REIT”), today announced results for third quarter of 2023.OPERATING RESULTS(unaudited, in millions, except per share and hotel statistics)   Quarter ended September 30,       Year-to-date ended September 30,        2023       2022     Percent Change     2023       2022     Percent ChangeRevenues $ 1,214     $ 1,189     2.1 %   $ 3,988     $ 3,644     9.4 %Comparable hotel revenues⁽¹⁾   1,181       1,188     (0.6 %)     3,909       3,522     11.0 %Comparable hotel Total RevPAR⁽¹⁾   312.35       314.25     (0.6 %)     348.41       313.90     11.0 %Comparable...

Revenue of $932 million, in-line with the midpoint of guidance GAAP gross margin of 45.7% and Non-GAAP gross margin of 47.1%, above the high-end of guidance GAAP operating margin of 12.6% and Non-GAAP operating margin of 21.8%, above the high-end of guidance GAAP net income per diluted share of $0.58 and Non-GAAP net earnings per diluted share of $1.46, above the high-end of guidance Operating cash flow of $160 million and free cash flow of $142 millionANDOVER, Mass., Nov. 01, 2023 (GLOBE NEWSWIRE) — MKS Instruments, Inc. (NASDAQ: MKSI), a global provider of enabling technologies that transform our world, today reported third quarter 2023 financial results. “We executed well in delivering strong profitability in the third quarter, despite a muted demand environment across our end markets,” said John T.C. Lee, President and...